Nasdaq 100 | Daily Technical Outlook
Market Structure
The Nasdaq 100 remains under sustained bearish pressure after failing to maintain its recent recovery attempts. Price action on the daily timeframe shows a clear rejection from the 26,000 regions, followed by a sharp selloff that has pushed the index back toward the 24,500 area.
The broader structure is shifting from a prior bullish trend into a corrective-to-bearish phase, characterized by lower highs and increasing downside momentum. Moving averages are beginning to roll over, reflecting weakening upside strength and growing seller control.
Key Resistance Zone
The nearest resistance stands at 24,800 – 25,000, which aligns with the recent breakdown area and short-term moving averages. Any rebound toward this zone is likely to face renewed selling pressure.
Additional resistance levels:
- 25,300
- 25,800 – 26,000 (major rejection zone)
As long as the Nasdaq 100 trades below 25,000, bearish momentum remains dominant in the short term.
Key Support Zone
Immediate support lies around 24,400 – 24,500, where price is currently attempting to stabilize.
A breakdown below 24,400 would expose lower downside targets:
- 24,000
- 23,600 – 23,800 (major structural support on the daily chart)
A sustained move below 23,600 would confirm a deeper corrective phase within the broader trend.
Expectations
Bearish Scenario (Primary)
The prevailing structure favors continued downside while price remains below 25,000.
A confirmed break under 24,400 could accelerate selling pressure toward 24,000, with potential extension toward the 23,600 zone.
Bullish Scenario (Alternative)
A recovery above 25,000 would signal short-term stabilization and open the path toward:
- 25,300
- 25,800 – 26,000
However, only a sustained move above 26,000 would meaningfully weaken the current bearish bias.
Outlook
The Nasdaq 100 is trading under increasing downside pressure after rejecting key resistance. Sellers remain in control below 25,000, and a break beneath 24,400 could trigger further weakness toward deeper structural support levels. Short-term rebounds are possible, but the overall bias remains cautiously bearish unless key resistance is reclaimed.
